Raising Money for Tire Dealers

With these business loans for tire dealers, the SBA guarantees the lender that the loan will be repaid. This tire dealers loan for $59,000 was given to a Minnesota entrepreneur in 2002.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Deerwood, out of Brainerd, Minnesota. The loan was granted and they received $59,000 to help grow their Brainerd, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
BRAINERD, MN 56401

SBA Loan Lender

1ST NATIONAL BANK - DEERWOOD
724 W WASHINGTON ST
BRAINERD, MN 56401

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

1/3/2002

Loan Approval Gross Amount

$59,000

Loan Approval from the SBA

Of the total $59,000 loan amount, the SBA guaranteed $50,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Small Business Credit Cards

SBA 7A Banks for Brainerd, Minnesota Loans

Getting an SBA Loan in Minnesota